B.C. Chamber calls for tax reform

Tax reform needs to be a top priority to boost job creation and economic prosperity, argues provincial Chamber

The B.C. Chamber of Commerce is calling on the provincial government to make tax reform a top priority to boost job creation and economic prosperity in British Columbia.

“The PST is an abysmal tax and as British Columbians, we simply can’t settle for it,” said John Winter, the BC Chamber’s president and CEO.

“This tax stunts business growth in B.C., scares away Canadian or international businesses that might come grow jobs here, and mires everybody in red tape and nonsensical rules. Frankly, it’s an embarrassing tax.”

At the BC Chamber’s Annual General Meeting and Conference last month (May 23 to 25), the province-wide network of Chambers and the 36,000 businesses they represent called for the province to launch discussions on the creation of a made-in-B.C. value-added tax (VAT).

As a Band-Aid fix while those dialogues take place, the BC Chamber’s general assembly called for the province to widen PST exemptions on investment in machinery and equipment, to enable B.C. businesses to invest in needed technologies and equipment to keep competitive; and continue administrative improvements to the PST.

The Chamber believes B.C.’s PST regime harms the province’s ability to attract new businesses by slamming them with taxes on start-up costs that they wouldn’t face in more competitive tax jurisdictions such as Alberta or Ontario. Moreover, taxing business equipment discourages B.C.’s businesses from investing in the technologies they need to innovate and boost B.C.’s worrisome productivity record.

Winter added that there’s no time to lose in fixing B.C.’s broken tax system.

“We can’t wait for the PST to do more damage before we act,” Winter said.

“We have to put the HST debacle behind us, implement some quick fixes to the PST as a stop-gap solution, and build a made-in-B.C. tax solution that will grow B.C.’s prosperity — not undermine it.”

Just Posted

Fraser Valley Thunderbirds take silver in finals of new minor midget hockey league

Team of mostly Langley players will have a new look in the second season

Langley tutor lauded on ice

Sylvia Lloyd was recognized for the work she does – paid and unpaid – helping tutor children.

Why the W.C. Blair pool was shutdown for four weeks

Warranty work is being carried out on newly-added features, Township manager says

Trappers on brink of elimination after third loss

“We’ve got to play desperate hockey’ coach of Langley hockey team says

Five highlights in the 2019 federal budget

Latest budget includes a sprinkling of money for voters across a wide spectrum

Facebook to overhaul ad targeting to prevent discrimination

The company is also paying about $5 million to cover plaintiffs’ legal fees and other costs

B.C. mosque part of open-house effort launched in wake of New Zealand shootings

The ‘Visit a Mosque’ campaign aims to combat Islamophobia

Teacher reprimanded after incident with Grade 11 student in school gym

Gregory Norman Brock was teaching at a high school in the Maple Ridge-Pitt Meadows School District

Explosives unit brought in after suspicious boxes left at B.C. RCMP detachment

Nanaimo RCMP issues all clear after packages were found on lawn earlier in the day

Avalanche control tomorrow on Highway 1

Expect closures of up to two hours east of Revelstoke

Newfoundland man caught after posting photo of himself drinking and driving

The 19-year-old took a photo of himself holding a beer bottle and cigarette while at the wheel

2019 BUDGET: As deficit grows, feds spend on job retraining, home incentives

Stronger economy last year delivered unexpected revenue bump of an extra $27.8 billion over six years

Carfentanil found in 15% of overdose deaths in January: B.C. coroner

Carfentanil is 100 times more powerful than illicit fentanyl and used to tranquilize elephants

Most Read